Leonardo DRS, Inc. (DRS)
Leonardo DRS, Inc., together with its subsidiaries, provides defense electronic products and systems, and military support services worldwide. It operates through Advanced Sensing and Computing and Integrated Mission Systems segments. The Advanced Sensing and Computing segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, precision targeting and surveillance sensing, long range electro-optic/infrared, signals intelligence, and other intelligence systems including electronic warfare, ground vehicle sensing, active electronically scanned array tactical radars, dismounted soldier, and space sensing. This segment also provides network computing, which are utilized across a range of mission applications, such as platform computing on ground and shipboard for advanced battle management, combat systems, radar, command and control, tactical networks, tactical computing, and communications. The Integrated Mission Systems segment offers electrical propulsion systems, which includes power conversion, control, distribution, and propulsion systems, as well as power dense permanent magnet motors, energy storage systems, associated rugged and compact power conversion, electrical actuation systems, as well as advanced thermal management technologies, motor controllers, and instrumentation and control equipment. Leonardo DRS, Inc. was incorporated in 1968 and is based in Arlington, Virginia. Leonardo DRS, Inc. operates as a subsidiary of Leonardo US Holding, LLC
- Symbol
- DRS
- Exchange
- Nasdaq
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Market cap
- $9.98B
- 52 week range
- 32.43 - 50.59
Valuation
- Share price
- $37.41 (close of 2026-09-23)
- P/E (TTM)
- 30.66x
- Price to book
- 3.56x
- Price to free cash flow
- 27.50x
- Enterprise value
- $9.98B
- Book value per share
- $10.50
Price performance
| Period | Change |
|---|
| 1 day | -1.42% |
| 5 days | +1.44% |
| 1 month | -8.08% |
| 3 months | -18.21% |
| 6 months | -15.74% |
| Year to date | +9.74% |
| 1 year | -13.20% |
| 3 years | +128.67% |
| 5 years | +257.65% |
| 10 years | +3125.00% |
| All time | -43.00% |
Profitability and growth
- Return on equity
- 10.18%
- Return on invested capital
- 11.36%
- Return on assets
- 6.20%
- Return on capital employed
- 10.69%
- Gross margin
- 23.82%
- Net margin
- 7.62%
- EBITDA margin
- 12.09%
- Revenue growth
- 12.80%
- Net income growth
- 30.52%
- Free cash flow growth
- 22.04%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.64%
- Current ratio
- 1.92x
- Net debt to EBITDA
- -0.01x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $3.65B
- Cost of revenue
- $2.78B
- Gross profit
- $869.00M
- EBITDA
- $441.00M
- Net income
- $278.00M
- Earnings per share
- $1.05
- Research and development
- $129.00M
- Shares outstanding
- 265.90M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $3.65B | $869.00M | $278.00M | $1.05 |
| 2024-12-31 | $3.23B | $736.00M | $213.00M | $0.81 |
| 2023-12-31 | $2.83B | $648.00M | $168.00M | $0.64 |
| 2022-12-31 | $2.69B | $575.00M | $405.00M | $1.88 |
| 2021-12-31 | $2.88B | $547.00M | $154.00M | $0.73 |
| 2020-12-31 | $2.78B | $494.00M | $85.00M | $0.40 |
| 2019-12-31 | $2.71B | $459.00M | $75.00M | $0.52 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 23.82% | 7.62% | 10.18% | 11.36% |
| 2024-12-31 | 22.76% | 6.59% | 8.33% | 10.01% |
| 2023-12-31 | 22.93% | 5.94% | 7.23% | 8.79% |
| 2022-12-31 | 21.35% | 15.04% | 19.04% | 19.11% |
| 2021-12-31 | 19.00% | 5.35% | 9.67% | 9.51% |
| 2020-12-31 | 17.78% | 3.06% | 5.96% | 9.41% |
| 2019-12-31 | 16.91% | 2.76% | 7.36% | 15.31% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $647.00M | $348.00M |
| 2024-12-31 | $598.00M | $366.00M |
| 2023-12-31 | $467.00M | $407.00M |
| 2022-12-31 | $306.00M | $396.00M |
| 2021-12-31 | $240.00M | $393.00M |
| 2020-12-31 | $61.00M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $227.00M | $32.00M |
| 2024-12-31 | $186.00M | $22.00M |
| 2023-12-31 | $145.00M | $17.00M |
| 2022-12-31 | $-32.00M | $5.00M |
| 2021-12-31 | $118.00M | - |
| 2020-12-31 | $69.00M | - |
| 2019-12-31 | $102.00M | - |
Dividend history
- Most recent payment
- 2026-08-13
- Paid in the last twelve months
- $0.36
| Payment date | Dividend per share |
|---|
| 2026-08-13 | $0.09 |
| 2026-05-19 | $0.09 |
| 2026-03-10 | $0.09 |
| 2025-11-18 | $0.09 |
| 2025-08-20 | $0.09 |
| 2025-05-22 | $0.09 |
| 2025-03-13 | $0.09 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $0.35
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-30 | Jun/2026 | $0.27 |
| 2026-05-05 | - | - |
| 2026-02-24 | - | - |
| 2025-10-29 | - | - |
| 2025-07-30 | - | - |
| 2025-05-01 | - | - |
| 2025-02-20 | - | - |
| 2024-10-30 | - | - |
Filings and sources
- Company website
- leonardodrs.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
General Electric Co (GE) · RTX Corp (RTX) · Boeing Co (BA) · Lockheed Martin Corp (LMT) · Howmet Aerospace Inc. (HWM) · Northrop Grumman Corp (NOC) · TransDigm Group Inc (TDG) · L3Harris Technologies, Inc. (LHX)
All Industrials companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades